Hasbro Acquires Larami Corporation, Gaining Patent Rights
1 report, 1 independent
Updated Sun 00:00
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What happened
Larami Corporation was acquired by Hasbro. The acquisition was based on a patent license originally from Lonnie Johnson. The patent relates to an invention that was accidentally created by a NASA engineer during a heat pump experiment.
From 247wallst.com
Why it matters
The acquisition integrates Larami Corporation into the larger Hasbro corporate structure. This move adds to Hasbro's portfolio of intellectual property, which is critical given the company's reliance on successful product lines.
From 247wallst.com
Who's involved
- LaramiAmerican company whose patent was licensed.
- HasbroAmerican multinational toy and entertainment company that acquired Larami Corporation.
- Lonnie JohnsonAmerican inventor whose work led to the patent licensed by Larami Corporation.